Question
‘P’ and ‘Q’ invested Rs. 900 and Rs. 750
respectively in a business. After 6 months, ‘P’ increased his investment by Rs. 150 while ‘Q’ decreased his investment by Rs. 100. If at the end of 12 months, the total profit is Rs. 62400, then what will be the difference between their shares of profit?Solution
ATQ,
Ratio of profit share of ‘P’ to ‘Q’ = [900 × 6 + (900 + 150) × 6] : [750 × 6 + (750 – 100) × 6]
= (5400 + 6300) : (4500 + 3900)
= 11700 : 8400
= 39 : 28
Which of the following statements are correct regarding the issuance of a bank guarantee?
A. Banks should comply with Ghosh Committee recommen...
What is the debt equity ratio of the company?
As per the current FDI policy, the foreign shareholding in private sector banks is allowed up to?
A startup company with a promising technology but limited operating history and no substantial assets is seeking funding to fuel its growth and developm...
Calculate the current Ratio from the above data:
Pradhan Mantri Shram Yogi Maan-Dhan Yojana assures a minimum assured pension of ________ upon attaining the age of 60 years.
As of FY24, which Indian bank reported the lowest net Non-Performing Assets (NPAs)?
Who has the primary responsibility for the Stand Up India Scheme?
According to the IFSCA (Banking) Regulations 2020, what type of accounts can individual's resident in India hold with an IFSC Banking Unit?
After issue of demand notice under section 13 (2) of SARFAESI, what is the time limit within which the secured creditor can initiated an action for enfo...
Relevant for Exams:
